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Financings

Power Corp. closes $200M preferred share financing

By The Northwire Desk — AI Analysis Nov 20, 2025 · 17:42 POW · 68.71 Power Corp of Canada
POW · Price

Executive Summary

  • Power Corp. of Canada closed its issuance of 8 million Series I non‑cumulative first preferred shares at $25.00 per share, generating gross proceeds of $200 million.
  • The shares carry a 5.65% dividend rate, are listed on the Toronto Stock Exchange under the symbol POW.PR.I, and were sold through a syndicate led by BMO Capital Markets, RBC Capital Markets and Scotiabank.
  • Net proceeds will be allocated to general corporate purposes.

Key Details

  • Offering size: 8 million preferred shares (Series I).
  • Pricing: $25.00 per share; gross proceeds of $200 million.
  • Dividend rate: 5.65% per annum, non‑cumulative, first‑preferred.
  • Underwriters: Syndicate led by BMO Capital Markets, RBC Capital Markets, Scotiabank.
  • Listing: Toronto Stock Exchange, ticker POW.PR.I.
  • Use of proceeds: General corporate purposes (no specific project allocation disclosed).

Notable Quotes

(No executive quotes were provided in the release.)

Read the original news release →

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